Can someone give me a *rough* idea how I can expect any boot from my 1031 exchange to be taxed?
I know the general taxes involved (long-term capital gains, state income tax in GA (I think), depreciation recapture). B...
Hello all,
Has anyone sold a short term rental owned over a year as a non real estate professional that qualified as short term capital gains tax deductions with expenses and depreciation? Did the proceeds from the ...
Hello,Me and my wife both work fulltime on w2. we are planning to start investing in the real-estate this year. I am not sure how I can take advantage of the rental losses here. As I went to one of the tax classes an...
I know that with flipping properties, the profit generated is taxed as ordinary income. And it can significantly increase one's marginal tax rate.Other than the basics of running a business (operating as a pass-throug...
Hey!Bought a house in Cash - 152k. We put 17k into it. We have 2 options currently:Rent the property for $2,050 / month and cash flow $519 / mo orSell the house for 230k and we hold the paper at 6.5% for 3 years. Ball...
I am debating funding my rentals through my self directed IRA or if I should just cash it (or some out) and take the tax hit to eliminate a lot of the red tape I am seeing with using the IRA?
I have a quick question as to how the short-term gains are taxed (ie tax bracket). I've flipped a 2 properties under my LLC this year (outside of my regular W-2) and trying to get an understanding of what to expect.
Hello, just needing some clarification on capital gains rules. If i flip a house in under one year thats short term cap gains correct? At what percent does that get taxed?
now heres the caveat. I heard/read somewh...
Hi everyone,
I am very new to real estate, in fact, I haven't even begun yet. I have been a BiggerPockets fan for years! I listen to the podcast and attend the weekly webinars in order to learn as much as possible.
...
I bought a house in April for $26000, right now the house itself is worth $80,000. If I did some minor repairs on the house and sold it for let’s say $120,000 (that’s just an estimate) what would my taxes look like fo...